BY PAUL O’DONOGHUE, Senior Correspondent
FinCEN, the AML unit of the U.S. Department of the Treasury, has given banks new guidance on how to recognize if a transaction is funding the Hezbollah organization.
Hezbollah is a Lebanese Shia Islamist political party and paramilitary group which is currently in conflict with Israel.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
